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This book provides an in-depth analysis of the energy transformation process ongoing in Germany, now commonly referred to as energiewende, in the European context, with a focus on the electricity sector. It presents an expert look at the origins of the German energiewende, its concrete implementation, its impacts within the European context as well as medium and long-term perspectives. The authors, internationally recognized energy, electricity, and climate economists at the German Institute for Economic Research (DIW Berlin) and Berlin University of Technology, conclude that the first years of the energiewende have successfully laid the foundation for a renewables-based electricity system i...
Energy markets are already undergoing considerable transitions to accommodate new (renewable) energy forms, new (decentral) energy players, and new system requirements, e.g. flexibility and resilience. Traditional energy markets for fossil fuels are therefore under pressure, while not-yet-mature (renewable) energy markets are emerging. As a consequence, investments in large-scale and capital intensive (traditional) energy production projects are surrounded by high uncertainty, and are difficult to hedge by private entities. Traditional energy production companies are transforming into energy service suppliers and companies aggregating numerous potential market players are emerging, while reg...
Energy markets are already undergoing considerable transitions to accommodate new (renewable) energy forms, new (decentral) energy players, and new system requirements, e.g. flexibility and resilience. Traditional energy markets for fossil fuels are therefore under pressure, while not-yet-mature (renewable) energy markets are emerging. As a consequence, investments in large-scale and capital intensive (traditional) energy production projects are surrounded by high uncertainty, and are difficult to hedge by private entities. Traditional energy production companies are transforming into energy service suppliers and companies aggregating numerous potential market players are emerging, while reg...
Electricity production is the sector with the largest share of global emissions and there are many options for decarbonizing it. Identifying the lowest cost option for achieving decarbonization (and full reliability) is a complex optimization problem at the intersection of economics and engineering. Key determinants are the cost of individual technologies, the geographical potential, the complementarities between energy sources and supporting infrastructure like electricity grids and energy storage. This paper reviews the literature on the subject and draws high-level conclusions from the abundance of specialized analyses. It finds that energy-economy models have strongly changed projections...
Sustainable Energy Democracy and the Law offers a legal account of the concept of sustainable energy democracy. The book explains what the concept means in a legal context and how it can be translated into concrete legal instruments.
This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read on the Oxford Academic platform and offered as a free PDF download from OUP and selected open access locations. Understanding climate obstruction is foundational to advancing effective action on the global climate crisis. Starting in the late 1980s, a broad range of actors--including corporations and trade associations acting in coordination with conservative think tanks, foundations, and public relations firms--mounted a long-term effort to oppose action to mitigate the greenhouse gas emissions responsible for climate change. This is the first book to document the developmen...
We are in the midst of an enormous global energy transition happening before our eyes. Alternative energy forms including solar, wind, water, and bio-fuels are challenging the established energy sources that have fuelled the industrial era for the past century. As we look to this century’s energy future an examination of the past is important to understand how these choices will be made. What political, economic, and ethical lessons can be learned from how coal, oil, and natural gas became the power of the 20th century? Are those lessons instrumental in determining future decisions about emerging alternative energy choices? The opportunities and the risks involved in making, or not making these choices are enormous. Through case studies and examples of past and present development of energy sources, the story is told of the global energy industry. In its telling Energy, Economics, and Ethics wrestles with many of the difficult questions at the heart of the emerging global energy transition
Integrating insights from economics, law and political science, Biodiversity and Climate: Tackling Global Footprints explores the vital connection between environmental preservation and taxation policies within the multifaceted context of climate change. The book fosters a deeper understanding of how taxation can be used to address critical environmental issues, namely ecological destruction and climate change.
Few international organizations embody the idea of historical progress as strongly as the European Union (EU). This book shows how Europe’s heterogeneity makes the EU unsuitable to be a vehicle of progress and political unity and makes the case for a more restrained, polycentric approach towards European integration.
This report builds on the OECD Well-being Framework and applies a new perspective that analyses synergies and trade-offs between climate change mitigation and broader goals such as health, education, jobs, as well as wider environmental quality and the resources needed to sustain our livelihoods through time. This report takes an explicitly political economy approach to the low-emissions transitions needed across five economic sectors (electricity, heavy industry, residential, surface transport, and agriculture) that are responsible for more than 60% of global greenhouse gas emissions.